Posted By Ziga Breznik, Last updated: March 12, 2020
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If you are looking to buy gold in Dubai, here is where you will find everything you need to know about purchasing gold VAT or TAX free in Dubai.
Investors everywhere are looking to buy gold in Dubai (AKA the “City Of Gold”) because of its tax beneficial jurisdiction (for diamonds and gold purchased in Dubai there is no VAT or tax). Since the 19th century, Dubai has been one of the biggest trading ports with its strategic position, close to India and SAR (South African Republic). Add the tax beneficial market and the volume of trade, it quickly became known as the “City of Gold”. Today, diamond jewelry trade is ranked #4 in the world and one of the largest re-exporters of gold in the whole world.
Purchasing gold in Dubai is pretty straightforward and safe, due to the strict regulations enforced by the Dubai Central Laboratories Department (DCLM). There is a special certification scheme in place called “Bareeq”, ensuring only the highest standards and purity of their gold products.
When purchasing gold bullion, make sure you only buy it from reputable online dealers, as that may save you a lot of headaches.
The tax-free jurisdiction and the low storage costs, make buying gold online in Dubai the preferred option for investors. To get the best prices on gold bullion, visit Bullion Vault. The process of buying gold and storing it in Dubai’s Almas Towers is straightforward and fully insured.
The gold prices in Dubai are one of the lowest, thanks to its tax-free status and low storage fees. For the latest gold price in Dubai, it is best to check on Bullion Vault website.
For the safest and hassle free experience we would advise you to visit Bullion Vault website. They offer one of the best pricing in the industry and store the purchased gold or other precious metals segregated in one of the safest bullion vaults.
Why should you consider choosing BullionVault.com?
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